DailyBubble News
DailyBubble News

Murrey math lines: USD/CHF, XAU/USD

The USD/CHF pair, which represents the US Dollar against the Swiss Franc, is currently showing an uptrend as the quotes are above the 200-day Moving Average on the daily chart. The Relative Strength Index (RSI) is testing the support line, indicating a potential price increase. It is anticipated that the price will surpass the 6/8 level and reach the resistance at 8/8. However, if there is a breakout below the 5/8 level, the pair could decline to the 4/8 level.

Similarly, in the case of XAU/USD, which represents Gold against the US Dollar, the quotes are also above the 200-day Moving Average on the daily chart, pointing towards an uptrend. The RSI has bounced back from the support line, suggesting a further price increase towards the 4/8 level. A breakout below the 3/8 level could lead to a decline in Gold prices to the support at 2/8.

On the 15-minute chart, both pairs show potential for a price rise as the upper boundary of the VoltyChannel is being broken. This breakout increases the likelihood of an upward movement in the prices of USD/CHF and XAU/USD.

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